Ethics Webinar

To help members uphold a superior standard of ethics and professional excellence, all members receive a yearly on-demand ethics webinar (2 CPE) to learn the latest due diligence requirements and follow Circular 230 standards.

The first course will be available in July.

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<h3>Summary</h3>
<p>Each year, tax preparers are presented with a number of ethical dilemmas, whether it be due to taxpayer actions or changes in tax law. The <i>Protecting Americans from Tax Hikes Act</i> (PATH) expanded due diligence requirements to cover more tax credits, including the Section 24 Child Tax Credit and the American Opportunity Tax Credit. This year, the requirements extend to claiming Head of Household filing status.
<p>This webinar will review what you need to do to properly protect yourself, your practice and your clients, as well as what sorts of penalties the IRS imposes for ethical violations, by reviewing Circular 230 and the PATH Act.</p>
<p>Circular 230 sets standards to prevent us from overstepping professional boundaries, including how to run your office, make decisions, determine what questions to ask clients and decide what records to rely on. By the end of this course, you will be able to identify the current IRS return preparer initiatives, preparer penalties and ethical standards important to tax return preparers.</p>
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<script src="https://fast.wistia.net/assets/external/E-v1.js" async></script><h3>Objectives</h3>
<p>Upon completion of this course, you will be able to:
<ul>
<li>Summarize the key points of Circular 230, <i>Regulations Governing Practice before the Internal Revenue Service</i>.</li>
<li>Summarize the key points of the PATH Act due diligence requirements and how they apply to taxpayers.</li>
<li>Identify preparer penalties.</li>
<li>Summarize how to handle real life situations that emphasize due diligence.</li>
<li>Outline best practices to ensure compliance with the tax law and due diligence.</li>
</ul>
<h3>Course Details</h3>
<p>This webinar includes the presentation slides, exam questions, and webinar recording with review questions. CPE is issued after exam is successfully completed.</p>

<h3> Preparing Partnership Returns </h3> <p> Tax professionals find this hands-on course is just what they need to expand their tax practice by preparing partnership returns. This course covers the basics of partnership taxation and completing a partnership return with accompanying schedules. Tax professionals also learn how to track partners’ basis in the partnership and the impact of partnership distributions.</p> <h3>Intermediate Partnerships</h3> <p>Partnership taxation can be a complicated subject. They can operate as limited partnerships, limited liability companies or general partnerships. The form of business can alter a partner’s taxation. In addition, there are various elections made at the partnership level that serve as planning tools. This course furthers the knowledge of a learner who already has a basic understanding of partnership taxation.</p>

<h3> Preparing Partnership Returns </h3> <p> Tax professionals find this hands-on course is just what they need to expand their tax practice by preparing partnership returns. This course covers the basics of partnership taxation and completing a partnership return with accompanying schedules. Tax professionals also learn how to track partners’ basis in the partnership and the impact of partnership distributions.</p> <h3>Intermediate Partnerships</h3> <p>Partnership taxation can be a complicated subject. They can operate as limited partnerships, limited liability companies or general partnerships. The form of business can alter a partner’s taxation. In addition, there are various elections made at the partnership level that serve as planning tools. This course furthers the knowledge of a learner who already has a basic understanding of partnership taxation.</p>

<h3> Preparing Partnership Returns </h3> <p> Tax professionals find this hands-on course is just what they need to expand their tax practice by preparing partnership returns. This course covers the basics of partnership taxation and completing a partnership return with accompanying schedules. Tax professionals also learn how to track partners’ basis in the partnership and the impact of partnership distributions.</p> <h3>Intermediate Partnerships</h3> <p>Partnership taxation can be a complicated subject. They can operate as limited partnerships, limited liability companies or general partnerships. The form of business can alter a partner’s taxation. In addition, there are various elections made at the partnership level that serve as planning tools. This course furthers the knowledge of a learner who already has a basic understanding of partnership taxation.</p>